After
first being denied by Russian leaders, the financial crisis is now making
itself felt in the real economy in general as well as in the energy sector. The
seminar investigated implications of relevance for Norwegian
actors.

Shtokman and onshore Yamal have long been the main contestants
of a Russian upstream seesaw policy claiming to give both projects equal
priority. What are Gazproms real capabilities and how has the financial
crisis changed the rules for Russian upstream
development?